Strive buys $81.5 million in Bitcoin after issuing more shares

Strive bought 1,110 Bitcoin last week for an average of $73,409 per Bitcoin, including fees and expenses. The purchase totaled $81.5 million. The purchased Bitcoin was described as worth around $87.5 million. The purchase increased Strive's holdings from 20,246 BTC to 21,356 BTC. The holdings were worth around $1.7 billion. Strive's Bitcoin holdings increased 5.5% between August 17 and August 21. Bitcoin per fully diluted share increased about 1.4% because Strive issued new shares during the period. Strive issued 3,646,300 Class A shares, increasing the count 4.8% to 79,890,888. Strive also issued 441,313 SATA shares, increasing the total 5.6% to 8,270,815. SATA is Strive's perpetual preferred stock. Strive raised the capital through at-the-market offerings. SATA traded near or above its $100 face value during the period. Strive ended August 21 with $171.9 million in cash and cash equivalents. Cash and cash equivalents stood at $154.8 million one week earlier. An August 24 filing with the Securities and Exchange Commission disclosed the average Bitcoin purchase price. Metaplanet holds 43,000 BTC after adding 2,823 BTC during the second quarter. Strategy holds 840,447 BTC.